To prepare 1 L of Bouin’s fixative, dissolve 2 g of picric acid in 500 mL of H2O. Filter through a Whatman No. 1, or equivalent. Add 20 g of paraformaldehyde, and heat to 60°C in a fume hood. Add a few drops of 1 N NaOH to dissolve. Cool and add 500 mL of 2X PBS.
Or you can also prepare byadding 75mL of saturated picric acid and 25mL of formalin (40% w/v formalin) and 5mL of glacial acetic acid.